Saving Account
Kidz Saver
Union Bank of Colombo PLC
Savings Account Information
Saving Account
Privet Banking
General
| Category | Rate |
|---|---|
| Children Savings | Up to 5.25% |
Rates and terms last verified on 29 October 2025.
Features
- Rewards / vouchers at the time of opening the account and as the balance grows ( the option is available to get a cash deposit to the account for the equivalent value)
- Automatic conversion of the Kidz Saver to a Savings Account soon after the child reaches 18 years.
Eligibility
- Kidz Saver can be opened for all minors below 18 years
- The accounts should be opened for children on or before they reach 13 years to be eligible for the gift scheme
Documents Needed
- A duly completed application form.
- Birth Certificate / Passport of the child.
- National Identity Card /Passport /Driving License or acceptable ID of parent / guardian / benefactor.
- Copy of a recent utility bill/bank statement to establish residence address.
- Initial deposit Rs.2,500/- to start the account.
- Parents, guardians and / or benefactors can open an account on behalf of children.
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